CVC and Standard Chartered win out in Acument Asia acquisition
CVC Capital Partners and Standard Chartered Private Equity Limited (SCPEL) have bested Kohlberg Kravis Roberts & Co. and Unitas Capital for control of the Asian operations of Acument Global Technologies, a fastener and assembly-solutions company, with an estimated value of around $300 million.
According to an Acument release, the company sold its Avdel and Global Electronics & Commercial (GEC) business units to Asia Trading Company Limited, a company owned indirectly by CVC and SCPEL. The deal...
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